Plan Snapshot
- Plan Sponsor: Amada Weld Tech INC.
- Sponsor EIN: 954495613
- Sponsor Address: 1820 S. MYRTLE AVENUE, MONROVIA, CA, 91016
- Plan Type: 401(k)
- Total Participants: 172
- Total Assets: $42.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 172 | $42.3M | $620,581 | $1.6M |
| 2023 | 164 | $40.9M | $656,418 | $1.5M |
| 2022 | 160 | $34.9M | $673,906 | $1.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE AND ANNUI | Other Service Provider | $53,705 | $5 | $53,710 |
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $11,859 | — | $11,859 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,569
- Estimated Expense Ratio: 0.155% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $70,222 | $16,516 | $21,957 | — | — |
| 2023 | $81,437 | $81,437 | — | — | — |
| 2022 | $49,249 | $49,249 | — | — | — |